Chattopadhyay, Srobonti; Kabiraj, Tarun - In: Economics Bulletin 35 (2015) 1, pp. 14-20
This paper studies the choice of cooperative versus non-cooperative R&D under incomplete information about the innovation size of the rival. It is assumed that the R&D outcome is stochastic and continuously distributed with a given mean and a constant variance. We show that the incentive for...